Is Excel the Best Way to Track Inventory Instead of Using ERP Software in Islamabad?

December 30, 2021

Erpisto #1 ERP Software in Islamabad although you could certainly make inventory tracking spreadsheets with Excel however, it’s not the most effective option for the management of inventory, particularly for advanced manufacturing companies. A dedicated inventory management and control software, such as that available within the ERP system, can give more options, including integration and automation, which makes your inventory tracking more efficient and more precise.

Erpisto #1 ERP Software in Islamabad

Is Excel the Best Way to Track Inventory Instead of Using ERP Software in Islamabad?

What exactly is Inventory Management?

Inventory management involves the supervision of all your inventory and inventory. ERP Software in Lahore covers elements like managing and monitoring the order of inventory, the storage of inventory as well as allocating inventory to specific jobs and ensuring that you’re stocking the appropriate quantity of inventory to limit storage costs and the waste that comes with it.

If your business doesn’t possess a solid inventory management system in place, you’ll face stock shortages all the time, meaning you don’t have the necessary essential raw materials needed to meet demand for production which could result in time and expense as well as lose your customers and hurt your reputation.

Controlling your inventory management can assist you in avoiding these circumstances and help keep your shop operating without a hitch.

Where Excel falls short

Many businesses use Excel for managing their stock because it is easily accessible, affordable, efficient, and simple to use.

So it appears

Though you may believe Excel is a great method to manage and track your inventory, it’s taking up time and money and, let’s face it many headaches as well.

Excel isn’t a dedicated inventory management system , and it is not equipped with the particularity and features that manufacturers, particularly custom-made manufacturers, require. Excel does not have the integration with connectivity and real-time information similar to other inventory tracking systems.

Magic Spreadsheet

Fully integrated inventory management systems, like those found within a manufacturing-specific ERP Software in Lahore Karachi Islamabad Pakistan, will give you a proper inventory count accurate to the second meaning everyone in your shop from purchasing managers, to operations managers, to shop floor employees know what’s in stock, and where to find it.

Accurate counts will reveal the inventory items you have in your inventory, and which items require to be ordered again. The integrated systems will notify you when inventory levels are low which will prompt you to put orders to ensure you’re never short of the raw material.

Errors

Errors in your inventory count can be a real pain. They can also disrupt your production and planning. However, Excel, unlike an ERP system, is particularly vulnerable to human error as it’s a very manual instrument. Advanced inventory management software will enable you to monitor inventory via barcode scanning, not just eliminating human errors but also making it simpler to keep precise inventory counts.

ERP Software in Islamabad Price in and this was updated on updated on 2024-04-25T21:54:24+00:00 Price is Rs 100

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No real-time Data

Excel isn’t equipped with the actual-time inventory information ERP Software in Islamabad for managing inventory can provide. With real-time inventory data, you’ll always have a precise inventory count. This makes the process of tracking and counting your inventory simpler but can also make it easier to schedule jobs, allocate inventory, and manage your purchasing process.

No Automation

The only way that your inventory will be accurate while making use of Excel is if a person goes into your spreadsheet and manually changes your data every time a component is used, which is not feasible. An ERP system can save time as well as money, by taking away the tedious task of manual management of inventory. When you have an ERP system, almost everything is automated and can save your time and money.

A Better Alternative

Even if you’ve got good methods of managing your inventory If you don’t have a specific inventory management system, you’re spending money and hindering your business.